Afternoon Update: Attention, colleges desperate for cash: Be careful with the endowment

What’s wrong with transfer; U. of Florida terminates several GOP allies of Ben Sasse; ex-student charged with concealed bomb-making in dorm; and more. ADVERTISEMENT [Afternoon Update Logo]( You can also [read this newsletter on the web](. Or, if you no longer want to receive this newsletter, [unsubscribe](. COLLATERAL QUARREL [Attention, Colleges Desperate for Cash: Be Careful With the Endowment]( By David Jesse [STORY IMAGE]( As the now-closed Finlandia University fought to stay open, it pledged restricted gifts as collateral on a loan. A court fight over the decision demonstrates risks for struggling colleges everywhere. ADVERTISEMENT [Attention, Colleges Desperate for Cash: Be Careful With the Endowment]( VIDEO [What’s Wrong With Transfer?]( [STORY IMAGE]( Watch our explainer to better understand the hurdles many transfer students face and what can be done to help these students succeed. LEADERSHIP [U. of Florida Terminates Several GOP Allies of Ben Sasse Following His Resignation]( At least six people hired to lucrative jobs at the university by the former Republican U.S. senator from Nebraska have been let go since [Sasse announced]( in July he was [stepping down]( amid his wife’s worsening health. The people who received notices of non-reappointment included former staffers in Sasse’s Senate office who worked for UF remotely. (The Gainesville Sun, The Chronicle) CAMPUS SAFETY [Former U. of Chicago Student Is Charged With Concealing Bomb-Making in Dorm Room]( Aram Brunson, 21, was charged with lying to the authorities about a 2023 explosion in his dorm that he blamed on fireworks he was making. The U.S. attorney’s office says he was making a bomb and planned to engage in pro-Armenian terrorism against Azerbaijanis. Brunson is now thought to be in Armenia. The university said it had cooperated in the investigation. (WLS) UPCOMING WORKSHOP [The Chronicle's Women Leading Change Program | September 2024] Join The Chronicle’s Women Leading Change Program this September! This virtual leadership series will provide critical context, creative strategies, and guided exercises that target the professional development areas most important to women at different leadership levels across academe. [Learn more and register today.]( No Newsletter on Monday Because of the Labor Day holiday, we will not be sending you this or other newsletters on Monday. We will be back in your inbox on Tuesday. SUBSCRIBE TO THE CHRONICLE Enjoying the newsletter? [Subscribe today]( for unlimited access to essential news, analysis, and advice. Virtual Events: Tune In Live [Chronicle Festival: The Road Ahead to 2035]( [STORY IMAGE]( UPCOMING: September 10-12, 2024 | Join us for our annual ideas summit, on how higher ed must plan for student demographic shifts, tech change, an uncertain labor market, and more. What can your institution do to adapt? With Support From Workday, University of South Florida, New Jersey Institute of Technology, Florida International University, Google, and Strada. [Register here.]( ADVERTISEMENT FROM THE CHRONICLE STORE [Campus Housing for Tomorrow]( [Campus Housing for Tomorrow]( Student housing has undergone substantial shifts in recent years, due to inflation, the high cost of building, and drops in enrollment. [Order this report]( for insights on how to navigate these challenges and meet students’ evolving needs. JOB OPPORTUNITIES [Search jobs on The Chronicle job board]( [Find Your Next Role Today]( Whether you are actively or passively searching for your next career opportunity, The Chronicle is here to support you throughout your job search. Get started now by [exploring 30,000+ openings]( or [signing up for job alerts](. READ OUR OTHER NEWSLETTERS [Latitudes]( | [Race on Campus]( | [The Review]( | [Teaching]( | [Your Career]( | [Weekly Briefing]( | [The Edge]( NEWSLETTER FEEDBACK [Please let us know what you thought of today's newsletter in this three-question survey](. [The Chronicle of Higher Education Logo]( This newsletter was sent to {EMAIL}. [Read this newsletter on the web](. [Manage]( your newsletter preferences, [stop receiving]( this email, or [view]( our privacy policy. © 2024 [The Chronicle of Higher Education]( 1255 23rd Street, N.W. Washington, D.C. 20037